it really is game over, science fiction becomes fact

Quote from DrPepper:

Bingo.

Bush's initial $700 billion bank bail-out plan in October of 2008 in response to the financial crisis was purely a reflexive response to ensure that the next great depression did not begin on his watch.

However, when Obama got in office, it became apparent that there was no way out of this financial mess. So Bernanke decided to keep interest rates at or near zero and print money, not to solve our financial problems, but to avert a financial collapse. Once other major governments realized what the US was doing, they protested and called for a new world reserve currency to replace the US dollar:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aeFVNYQpByU4

There may already be a secret agreement to initiate this new world currency, but the governments cannot let the people know or they would start dumping their fiat currencies in favor of gold and silver. Since China holds so many US dollars, they are certainly in on the agreement as well. I do not fully understand how the Chinese Yuan is valued relative to other currencies, but I believe that it is being manipulated by China to be undervalued, which is why China is telling their citizens to buy gold and silver, which they will then be able to trade for the new world currency.

However, the fact that a lot of countries now appear to be in worse financial shape than the US and that the US dollar is rising in spite of how many have been printed, has likely put the new world currency plan on hold.

However, if the US experiences further economic problems this year, like another wave of real estate foreclosures, and if the US cannot finance further bailouts because the bond market collapses due to a lack of buyers, that could raise the spector of US default, which will lead to the institution of a new world currency.

I think you nailed it 100%
 
Quote from tradestrong:

hokey dokey Nostra...let me know when the next massive asteroid is going to hit too since you obviously know the future.


Friday April 13,2029

http://science.nasa.gov/headlines/y2005/13may_2004mn4.htm

it supposed to be a 1 in 37 chance of hitting or something like that, but i saw a news report the other day that the Russians are going to start firing missles at it to help "knock it more off course" I could see this backfiring and instead of a 1 in 37 chance, they break up the asteroid and now its a 1 in 1 chance.

http://ro-b.redorbit.com/news/space/1803734/russia_warns_of_possible_asteroid_collision/index.html
 
Quote from afto:


I'm old enough to remember attending an end of the world party in the late 70's. Guess what - nuclear armaggedon
never really took off even though, at the time, I figured it wasnt worth making a long term plan longer than the next weekend.

With this financial crisis, the nukes are already in the air,my friend.
 
Quote from peilthetraveler:

Friday April 13,2029

http://science.nasa.gov/headlines/y2005/13may_2004mn4.htm

it supposed to be a 1 in 37 chance of hitting or something like that, but i saw a news report the other day that the Russians are going to start firing missles at it to help "knock it more off course" I could see this backfiring and instead of a 1 in 37 chance, they break up the asteroid and now its a 1 in 1 chance.

http://ro-b.redorbit.com/news/space/1803734/russia_warns_of_possible_asteroid_collision/index.html

Nice try, but no respected scientist would ever be foolish enough to call something a 1 in 1 chance 19 years into the future or even 1 year into the future. That's what separates the average housewife prophet from a real expert. :D
 
Quote from Wallet:

And what brought us out of the Great Depression?

That's the wrong question. First ask

1) What brought us into it?

2) Why didn't we get out of it much more quickly like we did in early 20's Depression and every other depression from 1776-1928? Hint: the newly-formed Fed didn't get invovled in the earlier 1920's depression and the gov't actually tightened spending.
 
I think the worries about hyperinflation, etc. are misguided.

For better or worse, and despite all the hyperbole, the U.S. is a first-world country with a government and social institutions light-years ahead of Weimar Germany, or sub-Saharan Africa, or Tsarist Russia et al. Worst comes to worst, the government would implement capital controls, raise taxes and enact austerity measures. Maybe the Dow will look like the Nikkei, and maybe living standards will get slowly (and almost imperceptibly) worse, but life will go on and most people will not see any dramatic change in their real, material condition.

Of course, WWIII, Global Warming or Peak Oil could kick us down the stairs, but the invention of fusion power or warp drive or something could spark a new golden age and make these current worries seem like a distant, short-sighted diversion.
 
Quote from Specterx:



For better or worse, and despite all the hyperbole, the U.S. is a first-world country with a government and social institutions light-years ahead of Weimar Germany

Actually, prior to their hyperinflation I believe they were one of the economic and certainly one of the cultural leading places in the world.

Other examples could be found surely but what makes Weimar so interesting a century after whas the heights from where they had fallen.
 
People who have kids, and care about those kids, never ever have this outlook.

Even if they are planning for an asteroid, Bruce Willis Armeggedon scenario, which may seem nutty and overwhelming, they never give up.

And that's a big part of the population of the world you and your point of view argue against...

Quote from tradestrong:

hokey dokey Nostra...let me know when the next massive asteroid is going to hit too since you obviously know the future.

But I still see you missed my point. I'd rather be dead than living in constant fear that somebody will kill me for my last piece of bread and my pretty silver. You enjoy living your life in fear while I "that didn't prepare" am peacefully in my grave. :D
 
I don't see any respect for government or institutions in this country. Just read the blogs. Apparently it will take greater pain than we feel now in order for the people to take ownership of their government, but if and when they do respect should return, ya think? I think real campaign finance reform is the starting point for progress, but people will have to demand it.
 
Quote from xiaodre:

People who have kids, and care about those kids, never ever have this outlook.

Even if they are planning for an asteroid, Bruce Willis Armeggedon scenario, which may seem nutty and overwhelming, they never give up.

And that's a big part of the population of the world you and your point of view argue against...

funny how things change the moment you become a father eh :)

gottatrade you have a point as well, only huge demand by people can bring change in policy

anything below 50 million people

forget it
 
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